THIS EMPLOYMENT AGREEMENT (this “ Agreement ”) is made and entered into as of the 27 th day of March, 2008,
by and between Rubicon Financial Incorporated, a Delaware corporation (“ Rubicon ”), and Terence Davis (“ Davis ”).
W I T N E S S E T H:
WHEREAS , the officers, managers and/or directors of Rubicon are of the opinion that Davis has education,
experience and/or expertise which is of value to Rubicon and its owners, and
WHEREAS , Rubicon and Davis desire to enter into this Employment Agreement, pursuant to which Davis shall be
employed by Rubicon, to set forth the respective rights, duties and obligations of the parties hereto.
NOW THEREFORE , in consideration of the promises and covenants contained herein, and other good and valuable
consideration, the receipt and sufficiency of which the parties hereto acknowledge, Rubicon and Davis agree as follows:
EMPLOYMENT. Rubicon hereby agrees to employ Davis and Davis hereby accepts such employment, upon
the terms and conditions hereinafter set forth.
TERM . For purposes of this Agreement, “ Term ” shall mean the original term (as defined in Section 2.1
below), if Renewal Term is initiated, then “Term” shall mean the renewal term period.
2.1 Original Term: The Term of this Agreement shall commence on the date hereof and expire on March
31, 2009, unless sooner terminated pursuant to the terms and provisions herein stated.
2.2 Renewal Term(s): This Agreement shall automatically be extended for additional one (1) year renewal
terms unless earlier terminated in accordance with the provisions of Section 6 below.
3.1 Salary: Rubicon shall pay Davis a base annual salary of Eight Thousand Dollars ($8,000) per month,
payable in accordance with Rubicon’s normal policies but in no event less often than semi-monthly
(the “ Salary ”).
3.2 Stock Option Plan/Stock Purchase Plan: Davis shall be eligible to